Multi Tenant Pandemic Resistant Medical Office Nnn Investment In Prime Location

Highlights:

• 1031 Exchange opportunity - NNN Leases
• PriceWaterhouseCoopers and Urban Land Institute describe medical office real estate as one of their "Expected Best Bests for 2021" for investors. See OM for more details.
• Two adjacent High-image, multi-tenant office buildings along Chula Vista’s highly traveled commercial thoroughfare, featuring prominent signage, abundant parking, immediate access to public transit and neighboring amenities
• Individual first floor suites tout direct exterior entrances steps away from on-site parking and second floor suites are elevator-served.
• The Property’s exterior facade offers an aesthetic curb appeal with tropical, lush landscaping that blends with the City’s native greenery.
• 100% leased with stable cash flow and opportunity for future redevelopment given favorable Urban Core Special Plan zoning with max building height of 60’ and FAR of 2.0.
• Primarily occupied by medical tenants who benefit from the property’s location within the area’s medical cluster.
• Considered an “Essential Service” the medical tenancy at the Property weathered pandemic-related shut downs due to unwavering demands for healthcare services.
• The Property will continue to maintain and attract top tenancy due to the dense population of nearly 450,000 within a 5 mile radius.
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Description:

Glassdoor entrance to waiting room with reception counter. Private restroom in waiting room. Hallway leading to several private offices. Would work well for general or medical office uses.

Prominent Location in Chula Vista’s Downtown Core Business District and Gateway to the City’s 535 acre Waterfront Redevelopment Project
• Nestled in the heart of downtown Chula Vista, the Property is part of the City’s healthcare cluster that includes Scripps Mercy Hospital, the new $27M Chula Vista Veteran’s Affairs Clinic, Sharp Rees-Stealy Medical Clinic and Urgent Care, and San Ysidro Health Center.
• The Property is in close proximity to San Diego’s major transportation arteries including I-5, I-805, and SR-54, and offers immediate access to multiple bus stops and the Metropolitan Transit System H Street Transit Center.
• With a prominent location on the main thoroughfare, the Property is conveniently located near food and commercial services of the historic downtown district and Chula Vista’s primary shopping anchor, the Chula Vista Center, which boasts more than 65 shops, 19 restaurants and an AMC 10 Theater.
• Less than 2 miles from the highly anticipated Chula Vista Bayfront Development, the landmark revitalization project that is slated to transform approximately 535 acres of industrial landscape into a thriving recreational, residential and luxury resort destination on the Chula Vista waterfront of San Diego Bay. The project will generate approximately $1.3 billion for the regional economy and is expected to create more than 2,200 permanent jobs, nearly 7,000 construction jobs and numerous indirect jobs. Source: Port of San Diego, City of Chula Vista

1 Space Available

Documents: